Mutual of Omaha Medicare Supplement Plans
Mutual Of Omaha Insurance Company was chartered in 1909 and offers a wide range of individual and group health and accident products across the country. Mutual Of Omaha maintains an A+ rating with A.M. Best and AA- with Standard and Poor’s. In 2014, they had a $17.6 billion policy reserve which is set aside to future pay claims.
Mutual Of Omaha offers Medicare supplement plans A, F, G and N depending on the state you are in. Plans A and F are offered in ALL states. MOO is a mutual company and its subsidiaries include:
- United Of Omaha Life Insurance Company
- Companion Life Insurance Company
- United World Life Company
- Omaha Insurance Company
- Mutual Of Omaha Investors Services
- Omaha Financial Holdings
When you purchase a Medicare Supplement plan with Mutual of Omaha you get the following benefits:
- Portable Coverage
- Guaranteed Renewable
- 30 Day free look period
- Fast policy issue and option of electronic delivery of ID cards
- No policy fee
- 12% household discount (where available)
Mutual Of Omaha Medicare Supplement Plan F
Plan F is offered by Mutual Of Omaha, either direct or by one of their subsidiary companies. Because Plan F is a standardized Medigap plan, it is exactly the same no matter what company is offering it.
Plan F covers 100% of what Medicare does not pay in full; it is the most comprehensive Medigap plan available. Also, it is the most expensive premium wise.
I always recommend Plan G over Plan F for reasons outlined here. See the chart below that shows what each Medigap plan covers.
Mutual Of Omaha Medicare Supplement Plan G
Plan G is my favorite Medigap plan and offers the most value out of the three most popular plans (F, G & N). G is exactly the same as Plan F, the ONLY difference is the Part B deductible is not covered on Plan G; this deductible is $183 for the year.
The reason I like Plan G over F is:
- More stable rate increases
- Premium difference between F and G more than covers the benefit difference of $183
- Plan F may be going away in the future
Mutual Of Omaha Medicare Supplement Plan N
Plan N is the 3rd most popular Medigap plan and is offered by MOO. N is similar to G as it has the $183 annual deductible. Also, N has an office copay up to $20, $50 E.R. copay (waived if admitted) and Part B excess charges are not covered. (Excess charges can be easily avoided if you make sure the doctor is set up with “Medicare assignment”).
Plan N can be a great option for someone who doesn’t mind the office copays and wants to enjoy a lower premium than G or N.
Our Professional Opinion
Our Mutual Of Omaha Medicare supplement review is overall a strong recommendation.
A winning combination of rate stability and excellent customer service makes MOO a great option for your Medicare supplement insurance. The ability to receive ID cards and policies via email and through the regular mail is a great feature that our clients love. In addition, Mutual Of Omaha boasts a huge financial backing and a great brand recognition among consumers.
With a Medicare supplement plan from Mutual Of Omaha, you can expect to have top-notch claims service and the ability to rest easy knowing the company will virtually never go under. In addition, they offer a Medicare supplement plan in each state either through Mutual Of Omaha or one of their subsidiaries.
For assistance, simply call us direct at (800) 208-4974, or you can APPLY ONLINE HERE. We would be happy to help you with your decision. We are a unique insurance agency dedicated to assisting folks with Medicare. Learn how we are different here.
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